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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DAYA MATERIALS BERHAD ("DMB" OR THE "COMPANY") PROPOSED FURTHER DISPOSAL OF UP TO 31% EQUITY INTEREST IN DAYA CMT SDN BHD ("DCMT") PURSUANT TO A CALL OPTION

DAYA MATERIALS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DAYA MATERIALS BERHAD ("DMB" OR THE "COMPANY")

PROPOSED FURTHER DISPOSAL OF UP TO 31% EQUITY INTEREST IN DAYA CMT SDN BHD ("DCMT") PURSUANT TO A CALL OPTION

Reference is made to the Company’s announcements on 29 April 2015, 13 May 2015, 6 August 2015, 21 April 2016, 7 December 2016, 15 September 2017, 30 August 2018, 29 August 2019, 30 July 2020 and 6 August 2020 in relation to the proposed disposal of up to 50.0% interest in DCMT (“Announcements”). For consistency, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.

The Board wishes to announce that vide DMB’s letter dated 9 August 2021 (which was accepted by PPSB on 16 August 2021), PPSB and DMB had mutually agreed to further extend the Call Option Period to 31 August 2022, pending the settlement of principal amount of approximately RM18,600,000.00 owing to PPSB by DMB pursuant to the regularisation plan of DMB to regularise its financial condition in accordance with Paragraph 8.04(3) of the Listing Requirements.

The Call Option shall remain valid and PPSB is entitled to exercise the Call Option in respect of the Call Option Shares at any time and from time to time up to and including 31 August 2022.

All other terms and conditions of the SSA and the Call Option (as supplemented and revised by mutual agreement) shall remain the same.

Save for the above, we wish to inform that there are no other major developments on the status of the Call Option as at the date of this announcement. Further announcement on the development of the above matters will be made as and when necessary.

This announcement is dated 16 August 2021.

 






Announcement Info

Company Name DAYA MATERIALS BERHAD
Stock Name DAYA
Date Announced 16 Aug 2021
Category General Announcement for PLC
Reference Number GA1-16082021-00045




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